It Looks Like 2014 Will Be Another Strong Year for TX Commercial Real Estate Loans

It looks like 2014 will be another strong year for TX commercial real estate loans. Texas continues to show strong growth for commercial real estate developers and investors.  “I think the market is amazing,” said Segal, CEO of Houston-based Boxer Property, which owns almost 6 million square feet of North Texas office space. “I hope to make many more acquisitions in the Dallas Fort Worth area in 2014, if the deals persist,” Segal says. “It’s getting harder all over the metroplex.”

Texas’ booming economy has pushed Dallas-Fort Worth’s commercial real estate market to the highest point in almost two decades.

Office, retail and industrial vacancies are below where they were at before the recession. “We’ve never been as positive about a year as we are about 2014,” said Denton Walker, Trammell Crow senior managing director. “We think 2014 will be a breakout year for us in retail, office and industrial real estate.”

Growth in North Texas seems to be almost a certainty, because nearly 3 million square feet of office real estate in Dallas-Fort Worth was obtained in 2013, according to Jones Lang LaSalle’s end-of-year research.

Dallas-Fort Worth had a net job growth of 96,000 positions year-over-year, which coupled with the lack of new construction in the market has led to a much healthier market, Daryl Mullin, senior vice president of Jones Lang LaSalle told the Dallas Business Journal.

Investors looking for Apartment Building Loans, Commercial Mortgages and Business Real Estate Loans should look no further than Select Commercial. They offer loan quotes within 24 hours with NO cost, NO obligation, and NO upfront application fees. They can be reached at 877-548-9454 or you can Click Here to fill out a free loan request. Funds $1,100,000 IN Commercial Mortgage Loan announced on Thursday, January 8th, 2014, a IN Commercial Mortgage Loan in the amount of $1,100,000 for a FedEx/Kinko’s property located in Indianapolis, Indiana. The borrower received a 10 year fixed rate loan and a 25 year term and amortization. This allowed the borrower to pay off a high rate loan and lock in a long term fixed rate.

About Select Commercial
Select Commercial offers a very simplified application process with no upfront application fees and no processing fees. We will discuss you loan request with you during our initial phone conversation and have you provide some basic information about the property and the borrower. Written pre-approvals are generally provided within 24 hours with no absolutely cost or obligation. We always offer professional service with excellent rates and terms.

Select Commercial is focused on providing the best commercial mortgage financing solutions for each client’s needs. All details of the commercial mortgage lending process are meticulously managed from the beginning of the loan process to closing. We’ve worked hard to earn the reputation we’ve established with our clients and continue to look for ways to improve our service. We advise each individual client and try to find the perfect solution for his or her needs. How do we find the perfect solution?  We identify and screen lenders that best suit the needs of the client and ensure their ability to close on the terms provided.

Here are some of the loan types Select Commercial can help you with:

  • Office Building Loans – multi-tenant or single tenant, owner occupied or investor
  • Retail Building Loans – shopping centers, retail strip centers, or individual stores
  • Industrial Property Loans – warehouses, distribution centers, manufacturing facilities
  • Bridge Loans – short term loans to overcome short term problems
  • Single/Special Use Loans – motels, gas stations, restaurants, etc.
  • Apartment Building Loans – garden apartments, high-rises, cooperatives, etc.
  • Investment Property Loans – any income producing property

About Our President, Stephen A. Sobin

Stephen A. Sobin is the President and Founder of Select Commercial Funding LLC.  Mr. Sobin has over 30 years’ experience in mortgage lending.  Mr. Sobin is the past president of the mortgage lending division of a federally chartered Federal Savings Bank. He founded Select Commercial to provide commercial mortgage advisory services to his clients nationwide.